Magazine Cover

Cover Story

Cover Story : Is M&A Heading For A Record Year?

Normal 0 7.8 pt 0 2 false false false MicrosoftInternetExplorer4 After a long quiet spell in the global M&A; business, analysts and bankers are predicting that 2004 will be the year that activity really takes off again. But opinion is ...

Features

Features : ADRs Gain Favor

ADRs Look Set To Become the Capital-Raising Tool of Choice With interest rates poised to rise later this year, ADRs are expected to supplant convertible bonds as the preferred instrument for emerging-market issuers. Sanjeev Nanavati, managing director of depositary receipt ...

Features : Bitten by the Corporate

Long renowned for their opaque business practices and disdain for minority shareholders, Asia’s corporations are undergoing a dramatic transformation. They are discovering that good corporate governance is not such a bad thing. When the Enron scandal hit the headlines back ...

Features : Brought to Book

New accounting rules covering derivatives and hedging transactions will have profound implications for corporations. They may affect the viability of some common transactions. Rob de Gidlow, treasury consultant for JPMorgan Treasury Services Even before accounting scandals such as Enron unfolded, ...

Features : Growing Pains

As custody outsourcing comes of age, it is undergoing a transformation. Rob Mancuso, senior vice president at Investors Bank & Trust Outsourcing in custody is as old as custody itself. After all, the industry developed to meet regulatory requirements to ...

Features : High Visibility

Corporate risk managers are finding their roles are getting bigger and their efforts are more closely monitored. In an era of headline-grabbing financial scandals and greater oversight by regulators, corporate risk managers are finding themselves under more scrutiny than ever ...

Features : Lease Extension

Following a few years of depressed activity, the asset finance market is poised for recovery in 2004. How strong that recovery is, though, depends on Washington. “The past couple of years have not been good for the industry,” says John ...

Features : Project Finance: Crossing Over

The project finance industry that is emerging from the recent global downturn looks very different than it did in the late 1990s. In recent years project finance banks have had it tough. In 2001 and 2002 the merchant power debacle, ...

Features : World’s Best Trade Finance Banks

Therebounding global economy is creating opportunities for cross-border sales, but only the foolhardy operate without the safety net provided by a good trade banker. Citigroup, through its Banamex subsidiary, was selected to arrange the financing for Aeromexico’s purchase of spare ...

Emerging Markets Roundup

Cover Story : Is M&A Heading For A Record Year?

Normal 0 7.8 pt 0 2 false false false MicrosoftInternetExplorer4 After a long quiet spell in the global M&A; business, analysts and bankers are predicting that 2004 will be the year that activity really takes off again. But opinion is ...

Features : ADRs Gain Favor

ADRs Look Set To Become the Capital-Raising Tool of Choice With interest rates poised to rise later this year, ADRs are expected to supplant convertible bonds as the preferred instrument for emerging-market issuers. Sanjeev Nanavati, managing director of depositary receipt ...

Features : Bitten by the Corporate

Long renowned for their opaque business practices and disdain for minority shareholders, Asia’s corporations are undergoing a dramatic transformation. They are discovering that good corporate governance is not such a bad thing. When the Enron scandal hit the headlines back ...

Features : Project Finance: Crossing Over

The project finance industry that is emerging from the recent global downturn looks very different than it did in the late 1990s. In recent years project finance banks have had it tough. In 2001 and 2002 the merchant power debacle, ...

Milestones : Emerging Market Borrowers Indulge In Big, Bold Bond Spree

EMERGING MARKETS “New emerging market issuance will be dominated this year by Brazil, especially Brazilian corporates.” —Christian Stracke, CreditSights —Christian Stracke, CreditSights Emerging market borrowers began the year with a charge to international bond markets, bringing nearly $9 billion in ...

The World's Best Trade Finance Providers

Features : World’s Best Trade Finance Banks

Therebounding global economy is creating opportunities for cross-border sales, but only the foolhardy operate without the safety net provided by a good trade banker. Citigroup, through its Banamex subsidiary, was selected to arrange the financing for Aeromexico’s purchase of spare ...

Milestones

Features : Lease Extension

Following a few years of depressed activity, the asset finance market is poised for recovery in 2004. How strong that recovery is, though, depends on Washington. “The past couple of years have not been good for the industry,” says John ...

Newsmakers : Bush's New Baby Causes Surprise All Round

UNITED STATES “In his budget for FY 2005 the President promises to close loopholes, halt several abusive tax avoidance transactions, and simplify the tax code.” US President George W. Bush has made a name for himself with his efforts to ...

Milestones : Emerging Market Borrowers Indulge In Big, Bold Bond Spree

EMERGING MARKETS “New emerging market issuance will be dominated this year by Brazil, especially Brazilian corporates.” —Christian Stracke, CreditSights —Christian Stracke, CreditSights Emerging market borrowers began the year with a charge to international bond markets, bringing nearly $9 billion in ...

Milestones : Snow Talks Up The Dollar To Avoid A Crash

CHINA, JAPAN The Group of 7 finance ministers and central bankers will face some thorny currency issues once again when they meet in sunny Boca Raton, Florida, on February 6 and 7. The G-7’s communiqué of last September may turn ...

Corporate Finance

Corporate Finance : Credit Spreads Forecast To Remain Tight in 2004

THE AMERICAS A favorable confluence of economic factors is expected to keep credit spreads tight in 2004, analysts say. Corporate bonds outperformed US Treasury bonds by more than 500 basis points last year, thanks to an improvement in credit quality ...

Corporate Finance : Dollar Declines Sharply, But Has Further to Fall

THE AMERICAS Despite expectations of strong US economic growth throughout 2004, analysts are nearly uniformly bearish on the dollar, which dropped to record lows against the euro in January. “The economy will be strong enough to keep the trade deficit ...

Newsmakers

Newsmakers : Bush's New Baby Causes Surprise All Round

UNITED STATES “In his budget for FY 2005 the President promises to close loopholes, halt several abusive tax avoidance transactions, and simplify the tax code.” US President George W. Bush has made a name for himself with his efforts to ...